South-Eastern Asia: Market for Manganites, Manganates And Permanganates, Molybdates And Tungstates 2024

Market Size for Manganites, Manganates And Permanganates, Molybdates And Tungstates in South-Eastern Asia

The Southeast Asian market for manganites, manganates and permanganates, molybdates and tungstates skyrocketed to $X in 2021, increasing by 15% against the previous year. Overall, consumption continues to indicate a abrupt decrease. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Manganites, Manganates And Permanganates, Molybdates And Tungstates in South-Eastern Asia

In value terms, manganites, manganates, molybdates and tungstates production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible contraction. The pace of growth was the most pronounced in 2013 with an increase of 52% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Manganites, Manganates And Permanganates, Molybdates And Tungstates

Exports in South-Eastern Asia

In 2021, approx. X tons of manganites, manganates and permanganates, molybdates and tungstates were exported in South-Eastern Asia; jumping by 26% against the previous year's figure. Over the period under review, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 192%. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, manganites, manganates, molybdates and tungstates exports skyrocketed to $X in 2021. In general, exports posted strong growth. The pace of growth appeared the most rapid in 2014 with an increase of 116%. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Lao People's Democratic Republic was the major exporter of manganites, manganates and permanganates, molybdates and tungstates in South-Eastern Asia, with the volume of exports recording X tons, which was near 70% of total exports in 2021. It was distantly followed by Vietnam (X tons) and the Philippines (X tons), together constituting a 29% share of total exports.

Exports from Lao People's Democratic Republic increased at an average annual rate of +4.8% from 2012 to 2021. At the same time, the Philippines (+193.9%) and Vietnam (+17.7%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +193.9% from 2012-2021. Vietnam (+12 p.p.) and the Philippines (+7 p.p.) significantly strengthened its position in terms of the total exports, while Lao People's Democratic Republic saw its share reduced by -18.5% from 2012 to 2021, respectively.

In value terms, the largest manganites, manganates, molybdates and tungstates supplying countries in South-Eastern Asia were Vietnam ($X), Lao People's Democratic Republic ($X) and the Philippines ($X), with a combined 99% share of total exports.

The Philippines, with a CAGR of +139.7%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, surging by 25% against the previous year. Overall, the export price posted notable growth. The growth pace was the most rapid in 2017 when the export price increased by 93%. Over the period under review, the export prices hit record highs in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (+4.8%), while the other leaders experienced a decline in the export price figures.

Imports of Manganites, Manganates And Permanganates, Molybdates And Tungstates

Imports in South-Eastern Asia

In 2021, overseas purchases of manganites, manganates and permanganates, molybdates and tungstates decreased by -34.6% to X tons, falling for the fourth consecutive year after three years of growth. Overall, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of 88% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, manganites, manganates, molybdates and tungstates imports skyrocketed to $X in 2021. Over the period under review, imports recorded a slight decrease. The most prominent rate of growth was recorded in 2017 when imports increased by 87% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Vietnam represented the main importer of manganites, manganates and permanganates, molybdates and tungstates in South-Eastern Asia, with the volume of imports finishing at X tons, which was approx. 55% of total imports in 2021. Malaysia (X tons) ranks second in terms of the total imports with a 24% share, followed by Indonesia (8.1%) and the Philippines (5.4%). Singapore (X tons) and Brunei Darussalam (X tons) followed a long way behind the leaders.

Imports into Vietnam decreased at an average annual rate of -5.1% from 2012 to 2021. At the same time, Brunei Darussalam (+34.6%), Malaysia (+17.2%) and the Philippines (+9.8%) displayed positive paces of growth. Moreover, Brunei Darussalam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +34.6% from 2012-2021. By contrast, Singapore (-6.9%) and Indonesia (-8.5%) illustrated a downward trend over the same period. Malaysia (+21 p.p.), Vietnam (+4.5 p.p.), the Philippines (+4.1 p.p.) and Brunei Darussalam (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Indonesia saw its share reduced by -2.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported manganites, manganates and permanganates, molybdates and tungstates in South-Eastern Asia, comprising 63% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 22% share of total imports. It was followed by Indonesia, with a 6.3% share.

In Vietnam, manganites, manganates, molybdates and tungstates imports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Malaysia (+20.0% per year) and Indonesia (-3.9% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, with an increase of 111% against the previous year. Import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Brunei Darussalam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+5.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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